Well, that was fun while it lasted. The bulls had a brief moment of glory, but now most coins are back in the red, because of course they are π. According to CoinStats, it’s time to put the champagne back on ice.

Let’s talk about Bitcoin (BTC), because who doesn’t love a good trainwreck? The rate is basically unchanged since yesterday, because apparently the crypto world is just as bored as I am.

On the hourly chart, BTC is clinging to the local support of $103,907 for dear life. If the daily bar closes around that mark, we can all expect a thrilling decline to the $103,000 range. Yay, more excitement π.

But wait, there’s more! On the longer time frame, the rate is miles away from the main levels. So, we get to play the thrilling game of “candle closure” π―οΈ. If it closes near or below yesterday’s bar’s low, traders can expect a more profound correction to the $102,000-$103,000 zone. Because who doesn’t love a good correction?
And from the midterm point of view, it’s more of the same. If bulls lose the $103,000 zone, we can all expect a fun test of the support level shortly. Because, you know, that’s exactly what we need π€¦ββοΈ.

And finally, Bitcoin is trading at $104,321 at press time, because who doesn’t love a good arbitrary number?
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2025-06-20 19:11